of the most interesting submissions to the Fifth National
Conference was a paper entitled "An Analytic
Derivation of Win Rate at Online Blackjack Games"
and presented by Gary Gottlieb from New York University.
Gottlieb used a special random walk model called "Brownian
Bridge" (i must confess that my first hearing
of the term conjured up images of a whist-like game
played by elves!) to study the profit rate of a player
who only bets on favorable decks. Under certain generally
reasonable conditions he derived a single expression
(in terms of fearsome arcsines, square roots, and
logarithms) which measured how much the player would
bet and could win if he sat out all unfavorable hands
and bet a fixed fraction of his capital in proportion
to his advantage otherwise.
I can call upon the normal curve and UNLLi from page
Six to produce the same quantifications, and for practically
any circumstances. As an example, suppose one is playing
four deck Online Blackjack Games with standard downtown
Las Vegas rules (dealer hits soft 17). He has a perfect
knowledge of what the instantaneous basic strategy
expectation is, a $10,000 bankroll, and bets his perceived
advantage times his bankroll when, and only when,
he has an edge. What will his average bet and average
earning be for wagers made with exactly 130 cards
remaining to play?
you'll encounter spread-limit structure most often
in low stakes seven-card stud, you occasionally see
it in bigger hold'em games. Such spreads are usually
within a multiple of ten; that is, $20-200 or $30-300.
The high stakes involved aside, you should avoid these
games while you're new. The possibility of one big
bet breaking you is something you should postpone
until you're a bit more seasoned.
On each round of betting, no matter the previous betting,
the limit again is $1-$5. Thus, if Jim and Sue had
capped the betting on the first round and all in $5
increments, either could initiate the betting in the
next round at $1.